Sonangol Group
Angolan energy company / From Wikipedia, the free encyclopedia
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Group Sonangol (Portuguese: Grupo Sonangol) is a parastatal that formerly oversaw petroleum and natural gas production in Angola.[1] The group consisted of Sonangol E.P. (Portuguese: Sociedade Nacional de Combustíveis de Angola, E.P.) and its many subsidiaries. The subsidiaries generally had Sonangol E.P. as a primary client, along with other corporate, commercial, and individual clients. Angola is estimated to have over 5 billion barrels (790,000,000 m3) of offshore and coastal petroleum reserves, and new discoveries are outpacing consumption by a 5-to-1 ratio.
Sonangol | |
Company type | Statutory corporation |
Industry | Oil and gas industry |
Founded | 1976 (1976) |
Headquarters | , |
Key people | Sebastião Gaspar Martins (Chairman and CEO) |
Revenue | US$ 8.5 billion (2021) |
Owner | Government of Angola |
Number of employees | 13,000 (2022) |
Website | Sonangol.co.ao |
In February 2019, the government transferred the industry regulation functions of Sonangol to a new government agency, the National Oil, Gas and Biofuel Agency (ANPG). The ANPG also gained from Sonangol the right to award fossil fuel exploration, development, and production contracts.